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Doug Holm
Doug Holm

They made the choice to take the loan out. They knew the law, obey it. There are other ways to pay for your education.

Reylan Pratt
Reylan Pratt
  • Doug Holm

The law also allows uninformed people to say whatever they want. You are a sad case... even having the flag as a profile picture. Very patriotic.

Doug Holm
Doug Holm
  • Doug Holm

Retire Navy Vet here, You?

Reylan Pratt
Reylan Pratt
  • Doug Holm

Me.

Doug Holm
Doug Holm
  • Doug Holm

Yes, you are you and it shows.

Robert More
Robert More
  • Doug Holm

Mr. Holm, you are misinformed regarding student borrowers having known that they took out the loan: "Several types of loans and lenders aren't covered by the Truth in Lending Act. Student loans are not covered by the law": http://homeguides.sfgate.com/federal-truth-lending-information-7992.html

Get your facts straight. If you are retired military, you give them a bad name, and misinformed comments such as yours make me wonder if you were not fired or dismissed due to bad work ethic.

Doug Holm
Doug Holm
  • Doug Holm

Look up the word retired, then try again.

Reylan Pratt
Reylan Pratt
  • Doug Holm

Me... That means just another citizen. No one who would consider himself special. Where I served and how long, my degrees, what I do today are not relevant. Your condition, sir deserves, respect. Never sharing your views on our youth. We were the future. We are not the future any more. The young are. If they strive they could have their back covered. And we both know about what it means having our back covered. They are unprotected by the law and not informed about it. No one has implied...

Me... That means just another citizen. No one who would consider himself special. Where I served and how long, my degrees, what I do today are not relevant. Your condition, sir deserves, respect. Never sharing your views on our youth. We were the future. We are not the future any more. The young are. If they strive they could have their back covered. And we both know about what it means having our back covered. They are unprotected by the law and not informed about it. No one has implied here disobeying the law. But improving it. I realize you never needed a loan for a car or a house. Most fortunately you will never need a loan either to recover your health in some emergency and then having to pay for it at a vastly inflated price. Best regards.

Bily John Rodriguez
Bily John Rodriguez

I would say if you can't pay do not borrow. Government is flexible enough to invest in your future. You borrow 20k 30k 50k and think you can get away with it without paying? My recomendation people stop studying because you like this you like that. Start stuying a carreer that is in need so you can find a job and sustain yourself. The military is always willing to pay your debt for exchange of service. Our country needs you. Join them. But of course there is always people who likes the easy...

I would say if you can't pay do not borrow. Government is flexible enough to invest in your future. You borrow 20k 30k 50k and think you can get away with it without paying? My recomendation people stop studying because you like this you like that. Start stuying a carreer that is in need so you can find a job and sustain yourself. The military is always willing to pay your debt for exchange of service. Our country needs you. Join them. But of course there is always people who likes the easy way out going bankrupcy. I'm sorry people this will never happen.

Gordon Wayne Watts
Gordon Wayne Watts
  • Bily John Rodriguez

That would be like saying if you can't "afford" to borrow for a home, clothing, or a medical procedure --or food --then don't do it, however, that is fallible logic: In all 5 instances (food, clothing, shelter, medical, and education), you can't afford to refrain. You might assume a person could get a reasonably-paying job without an 'education,' but the Bill Gates of the world are the EXCEPTION, not the rule.

A graduating high-school student is doomed either way: Either be LUCKY to get a...

That would be like saying if you can't "afford" to borrow for a home, clothing, or a medical procedure --or food --then don't do it, however, that is fallible logic: In all 5 instances (food, clothing, shelter, medical, and education), you can't afford to refrain. You might assume a person could get a reasonably-paying job without an 'education,' but the Bill Gates of the world are the EXCEPTION, not the rule.

A graduating high-school student is doomed either way: Either be LUCKY to get a burger-flipping job (no education) or be in debt for life (or beyond -- get an education).

You also fail to consider no less than two (2) facts:

1) American institutions of higher ed hold a monopoly (illegal) on education: Look up the word 'monopoly,' if you doubt. This (obscene rate increases) would normally be addressed in SHORT-ORDER were it any *other* monopoly (for example, electric rates, Internet, water, etc.), but as students are a "minority," who lack political clout, this monopoly is allowed to proceed. (I doubt *you* would like it if *your* electric, water, and Internet became unbearable, and others simply said that if you could not afford electric, to NOT get it, eh?)

2) Student Borrowers are NOT told they lack bankruptcy protections (except in RARE, and I do mean RARE cases --look it up) -- Due to the fact Truth in Lending is also removed, this may be immoral,and certainly Unconstitutional in its lack of Due Process, but not illegal. Since no other loan lacks bankruptcy protections (any rich wall-street investor or banker can file, but NOT students! LOL?), they have an expectation of such rights.

This is no different than YOU being sold a car that has bad brakes -- that'd be a HUGE liability issue - and, this is true, as you would have a reasonable expectation that a car was supposed to have working brakes.

Would _you_ like it if they simply said "Well, we didn't lie to you -- we simply didn't tell you"??

In fact, it is precisely the lack of bankruptcy protections that CAUSE the tuition to be so high: www.GordonWatts.com/#alan
or:
www.GordonWayneWatts.com/#alan

Lenders, Guarantors, Colleges, & Universities, if they knew they defaulted loans would LOSE them money, not GAIN a huge profit, then they would STOP pressuring U.S. Congress to keep raising lending ceilings, thus creating this bubble.

Wake up, man! Click those links, and THEN comment after you've read them.

(-://

Bily John Rodriguez
Bily John Rodriguez
  • Bily John Rodriguez

Man up and face the result of your acts. By the way McDonald is a great company offering billion of jobs around the world. Thats the problem here in US, people like you probably dont want to pick up tomatoes but like ketchup. Study Marketing desiring a job under airconditioner but never had an idea of a business. You are a disgrace to our country.

Gordon Wayne Watts
Gordon Wayne Watts
  • Bily John Rodriguez

Bily, did you read my reply above? Also -- question:

If you're so 'for' student borrowers not being able to file for bankruptcy, then where were you when Solyndra, Donald Trump, and many, MANY rich Wall-Street BANKER & "Investors" (and countless companies to numerous to number) filed for bankruptcy?

#1 -- Students don't go to college with the hopes of filing for bankruptcy --not any students *I* know: They hope and plan on getting a job, hello?

#2 -- The Military does not always accept...

Bily, did you read my reply above? Also -- question:

If you're so 'for' student borrowers not being able to file for bankruptcy, then where were you when Solyndra, Donald Trump, and many, MANY rich Wall-Street BANKER & "Investors" (and countless companies to numerous to number) filed for bankruptcy?

#1 -- Students don't go to college with the hopes of filing for bankruptcy --not any students *I* know: They hope and plan on getting a job, hello?

#2 -- The Military does not always accept everybody, and even *their* debt-relief programs are NOT complete, not to mention they often send American soldiers to invade other countries who pose no threat to us -- which is akin to China invade OUR country and "occupying" it for decades on end. I'm sure WE would get mad for that, and so I don't fault other countries for getting peeved when WE invade THEM for any (or no) reason. Example: After we got rid of Saddam Hussein, we should have LEFT Iraq, OK? (Maybe he was a some sort of threat, but he'd been dead for AGES, now, OK? And our pretext for going in there was questionable to boot, but I'm willing to give GW Bush the benefit of the doubt here, yet we should NOT be "occupying" places like this for eons.)

#3 -- So, where _is_ your outrage for all these rich people always filing for bankruptcy. When you complain about them 'til you're hoarse in the face, THEN we'll talk about your complain above.

#4 -- did you read my prior reply to you, above?

Robert More
Robert More
  • Bily John Rodriguez

Mr. Rodriguez: did you read Mr. Watts' reply above? Also -- question:

If you're so 'for' student borrowers not being able to file for bankruptcy, then where were you when Solyndra, Donald Trump, and many, MANY rich Wall-Street BANKER & "Investors" (and countless companies to numerous to number) filed for bankruptcy?

#1 -- Students don't go to college with the hopes of filing for bankruptcy --not any students *I* know: They hope and plan on getting a job, hello?

#2 -- The Military does not...

Mr. Rodriguez: did you read Mr. Watts' reply above? Also -- question:

If you're so 'for' student borrowers not being able to file for bankruptcy, then where were you when Solyndra, Donald Trump, and many, MANY rich Wall-Street BANKER & "Investors" (and countless companies to numerous to number) filed for bankruptcy?

#1 -- Students don't go to college with the hopes of filing for bankruptcy --not any students *I* know: They hope and plan on getting a job, hello?

#2 -- The Military does not always accept everybody, and even *their* debt-relief programs are NOT complete, not to mention they often send American soldiers to invade other countries who pose no threat to us -- which is akin to China invade OUR country and "occupying" it for decades on end. I'm sure WE would get mad for that, and so I don't fault other countries for getting peeved when WE invade THEM for any (or no) reason. Example: After we got rid of Saddam Hussein, we should have LEFT Iraq, OK? (Maybe he was a some sort of threat, but he'd been dead for AGES, now, OK? And our pretext for going in there was questionable to boot, but I'm willing to give GW Bush the benefit of the doubt here, yet we should NOT be "occupying" places like this for eons.)

#3 -- So, where _is_ your outrage for all these rich people always filing for bankruptcy. When you complain about them 'til you're hoarse in the face, THEN we'll talk about your complain above.

#4 -- did you read Gordon Wayne Watts prior reply to you, above?

Timothy Marshall Ballard
Timothy Marshall Ballard
  • Bily John Rodriguez

Wow and here I was thinking that diverse opinions were WELCOMED in the country my family has fought and died for for over 250 years! Where was I when it was "decided" (clearly in his own mind) that being American meant agreeing with this guy? Oh yes! I remember.... IN A CLASSROOM!

Robert More
Robert More
  • Bily John Rodriguez

One other thing, Mr. Rodriguez: Did you not see the petition? It does not ask for a 'Free' education or a 'Free Handout,' only the same Standard Consumer Protections as all other loans. If the uber-rich and the Credit Card users can have these bankruptcy safety nets, why not students? Are students somehow less important? (Alternatively, if students don't need these standard protections, then why do we give them to anybody?)

You have not made your case as to why students should not be...

One other thing, Mr. Rodriguez: Did you not see the petition? It does not ask for a 'Free' education or a 'Free Handout,' only the same Standard Consumer Protections as all other loans. If the uber-rich and the Credit Card users can have these bankruptcy safety nets, why not students? Are students somehow less important? (Alternatively, if students don't need these standard protections, then why do we give them to anybody?)

You have not made your case as to why students should not be included along with other borrowers. Did you follow Mr. Gordon Wayne Watts' link listed above? Here it is again:

www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html

or

www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html

Gordon Wayne Watts
Gordon Wayne Watts
  • Bily John Rodriguez

Also, Bily... Did you not see the petition? It does not ask for a 'Free' education or a 'Free Handout,' only the same Standard Consumer Protections as all other loans. If the uber-rich and the Credit Card users can have these bankruptcy safety nets, why not students? Are students somehow less important? (Alternatively, if students don't need these standard protections, then why do we give them to anybody?)

You have not made your case as to why students should not be included along with...

Also, Bily... Did you not see the petition? It does not ask for a 'Free' education or a 'Free Handout,' only the same Standard Consumer Protections as all other loans. If the uber-rich and the Credit Card users can have these bankruptcy safety nets, why not students? Are students somehow less important? (Alternatively, if students don't need these standard protections, then why do we give them to anybody?)

You have not made your case as to why students should not be included along with other borrowers. Did you see my link listed above? (These prove that lack of bankruptcy protections are the main driving cause of tuition inflation.) Here again they are:

www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html

or

www.GordonWatts.com/Higher-Ed-Tuition-Costs.html

or http://www.ThirstForJustice.net/Higher-Ed-Tuition-Costs.html

or even:

http://Gordon_Watts.Tripod.com/Higher-Ed-Tuition-Costs.html

Janell Elynn Smith
Janell Elynn Smith

I had my student loan back in the 70's and paid it off in a short period of time. I don't see why lending institutions don't offer some kind of insurance that would protect the loan in case of death, bankruptcy, etc. They insure everything else in the world.

Christopher Gilbertson
Christopher Gilbertson
  • Janell Elynn Smith

It would certainly help.

Janet Moore
Janet Moore

Bankruptcy is not cool!!!

Janet Moore
Janet Moore
  • Janet Moore

Been there done that!!! didn't like it

Cindy Stormont Keith
Cindy Stormont Keith

If you don't agree, don't sign & move along.

Christopher Gilbertson
Christopher Gilbertson
  • Cindy Stormont Keith

Free speech much?...

Austin Majors
Austin Majors

It would be a Free Market idea!

Jonathan Vaknin
Jonathan Vaknin
  • Austin Majors

Thank you, sir!

Janet LaBrie
Janet LaBrie

We say that education is the key to a better future for America, but then we raise the costs of education to students by cutting government support for it. Thus, we once more expect the middle and working class students to take up the burden of producing educated workers - rather than providing them the help they need to do the job for us.

Lidiya Phillips
Lidiya Phillips
  • Janet LaBrie

Janett, just a reminder that banks - are not government. Our government is involved in this private bank lending to the students only to guarantee that banks get what they are out to get. Our government -folkes are people, who are NOT free. They are in debt. And they are under the contracts for repayment also. Read my comments to Allison above.

Willie Patton
Willie Patton

No one goes into debt willingly but we did figureing we would do better in the long run. None of us figured that life would through a curve ball at us. Now are at a point where we cant pay off our loan as promised. I know there are others that feel like I do. I am so very sorry I cant full fill my pledge.

Mark Holmes
Mark Holmes
  • Willie Patton

When I went back to school 5 yrs ago the map projection for a degree in humanities (youth counseling ) was very high. Now 5 yrs later programs have slowly been eliminated. I can't find work, keep up with the high cost of every day living expenses, and must worry about paying back student loans. " The American Dream = STRESS "

Connie Wilson
Connie Wilson

How true. Student loan debt cripples those who are disabled and living on SSDI and they still have to pay the debt until they die of else lose their home and the list goes on. It is true that you would have to be dead and there should be forgiveness for the disabled. Its a choice between paying the debt or eating, then there is medicine and food...what are we supposed to do to get forgiveness.

Connie Aliff
Connie Aliff
  • Connie Wilson

This is so true.

Nicola Noetic
Nicola Noetic

I noticed someone said you would have to be at death's door to get protection from the loan --not much of an exaggeration. If you are disabled and even on social security, it is VERY difficult to get your loan forgiven. And even if you do get lucky enough to get it forgiven, you can not borrow to go back to school ever again --not that that is a big problem. It just limits options to get an education in a professional field that has many openings and hence would enable the borrower to...

I noticed someone said you would have to be at death's door to get protection from the loan --not much of an exaggeration. If you are disabled and even on social security, it is VERY difficult to get your loan forgiven. And even if you do get lucky enough to get it forgiven, you can not borrow to go back to school ever again --not that that is a big problem. It just limits options to get an education in a professional field that has many openings and hence would enable the borrower to be gainfully employed. No second chance for the debt-saddled graduate --that's only for the gluttonous Wall Street fat cats...

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